Reflecting on his travels, the host shares the transformative power of exploring historic streets in Barcelona. He highlights how awe-inspiring architecture evokes feelings of humility and connection to culture. Personal anecdotes reveal the profound impact of adventure on perspective. The discussion encourages listeners to reflect on the value of their own experiences, challenging the notion of comfort in our daily lives. Ultimately, it's a celebration of the rich emotions that come from embracing the unknown.

Carl shares his riveting journey traveling through Spain with his daughter. He contrasts the serene beauty of the Pyrenees with the chaotic streets of Barcelona. Navigating unfamiliar terrain leads to humorous mishaps and valuable lessons in embracing discomfort. He reflects on how such challenges fuel personal growth and transform perspectives. Carl highlights the enriching power of travel, reminding us that stepping outside our comfort zone can illuminate new paths in life.

In this episode, Carl reflects on the idea of unconventional investment advice, sharing a personal story that defies traditional financial wisdom. He recounts how, despite his initial reservations, he followed the advice of a respected community leader to move his family to New Zealand—a decision that turned out to be one of the most valuable experiences of his life. Carl highlights how some of the best investment advice may not fit conventional definitions but can yield extraordinary returns in terms of personal growth and fulfillment. He invites listeners to broaden their thinking about what constitutes truly valuable advice!

Carl recently discussed unconventional investment advice in a Behavior Gap Radio episode, drawing inspiration from a Wendell Berry quote about knowing where the rarest wildflowers are. He contrasts this with the disconnected advice often seen in mainstream financial media, which tends to ignore the broader impacts of investments, like those in companies selling unhealthy products. Carl is fascinated by the idea of "connected" investment advice, which values investments in time, money, energy, and attention. What’s the best investment advice you’ve ever received? How does it align with your values? If you think about your return on life, happiness, and connection, what advice stands out? Carl invites listeners to share their thoughts and experiences by emailing him at hello@behaviorgap.com.Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/

Howard Marks, a renowned investment strategist, joins the discussion on the intricate dance between risk and reward in investing. He emphasizes that higher risk doesn’t guarantee better returns, urging listeners to critically assess their approach to uncertainty. The conversation delves into the pitfalls of uncompensated risks, like betting on single stocks, and highlights the value of emotional discipline in investment decisions. Marks encourages a thoughtful sacrifice of certainty, promoting a clearer understanding of true risk for savvy investors.

In this episode, Carl reflects on the surprising value found in life's simplest moments, contrasting the desire for more extravagant experiences with the deep joy of quiet, everyday activities. He shares a personal story of finding peace in evening landscaping sessions, where the simplicity of nature brings lasting contentment. Inspired by a Wendell Berry quote, Carl explores the idea that true wealth lies in knowing where to find life's "rarest wildflowers," those quiet moments of happiness that require no explanation or defense—offering a unique perspective on what it means to invest in a fulfilling life.Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/

Carl recently received an email from a listener who was deeply moved by his episodes on hyperlocal investing. The listener shared how forming relationships with local producers has become one of their greatest sources of happiness. 🌱 They make it a point to visit local markets in each new city, connect with vendors, and fill their home with locally made items. Carl relates strongly to this sentiment, finding joy in supporting local businesses. Wouldn't it be amazing if there was a marketplace or events dedicated to hyperlocal investing? How could such an idea be spread to others who feel the same way? If you have a story about hyperlocal investing, Carl would love to hear it. Email him at hello@behaviorgap.com.

Today, Carl is excited about the idea of hyperlocal investing! This morning, he visited his local farmer's market to buy honey and the experience was incredible. He had the chance to meet the beekeeper and learn about his passion for producing local honey, which is helping with Carl’s allergies. For Carl, this connection represents the “return on connection” (ROC). Investing locally offers more than just financial returns; it builds relationships and strengthens the community. How can you invest your time, energy, and money locally? What connections could you build today?Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/

Carl, an experienced rock climber, shares gripping insights on risk management from his thrilling adventures. He recounts a harrowing story that emphasizes the difference between 'ignorant risk,' where consequences remain unknown, and 'honest risk,' where the dangers are clear but still embraced. This exploration prompts listeners to reflect on their own decision-making process regarding risks. How can we become more informed about the risks we take in life? Carl's candid reflections resonate deeply with anyone navigating uncertainty.

Carl, an insightful author and speaker who delves into personal clarity, navigates the complexity of true desires influenced by society. He discusses how external pressures from family and social media often lead us to adopt others' goals. Through his engaging essay from Volume One, he emphasizes the significance of identifying personal aspirations in investing. With a creative visual sketch, Carl illustrates that the only goal that truly matters is one's own, championing the quest for individual authenticity.